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Bertram Rickmers is ready to give up control to banks

Bertram R.C. Rickmers is ready to transfer 75.1 percent of his shipping empire, Rickmers Group, to HSH Nordbank and other lenders in a new debt agreement. Rickmers currently sits on 100 percent of the shares.

German shipping magnate Bertram R.C. Rickmers is ready to pass on the reigns of his shipping empire Rickmers Group.

This is according to a preliminary agreement entered into by the group with its lenders concerning a restructuring of debt.

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